The body of knowledge that relates to producing and using goods and services that satisfy human wants is called...

Economics

_____ is an economic system that determines what, how, and for whom goods and services are produced by coordinating individual choices through arrangements that aid buying and selling goods and services.

Market Economy

______ relate to anything provided by nature that affects the productive ability of a country.

Natural Resources

_____ are those goods and services that directly satisfy people's economic wants

Consumer goods and services

Anyone who aids in creating a utility is called a...

Producer

______ is the ability of a good or a service to satisfy a want

Utility

desired wants that are not scarce

Noneconomic wants

_____ are buildings, tools, machines or other equipment used to produce other goods but do not directly satisfy human wants

Capital Goods

A part of is _____, the accumulated knowledge and skills of human beings

Human Capital

_____ is the human effort, either physical or mental, that goes into the production of goods and services